GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Helios and Vitol to Acquire 20 Percent Stake in Vivo Energy for US$250 Million (Sub-Saharan Africa)
Africa-focused private investment firm Helios Investment Partners and Netherlands-based energy and commodities group Vitol have agreed to acquire a 20 percent stake in Africa-focused downstream petroleum company Vivo Energy from Royal Dutch Shell for US$250 million. Upon completion of the deal, Helios and Vitol will own 100 percent of Vivo Energy. The transaction, which is expected to close in the first… Read More
Foursan Group Exits Jordan Dubai Islamic Bank (MENA)
Middle East-focused private equity firm Foursan Group has sold its stake in Amman Stock Exchange-listed Jordan Dubai Islamic Bank (JDIB) to Jordan-based Bank Al-Etihad, realizing a reported 2.5x gross multiple of invested capital. Foursan originally invested in JDIB in 2012 through Foursan Capital Partners I. Financial details of the transaction were not disclosed. Read More
LeapFrog Investments Partially Exits IFMR Capital to Standard Chartered Private Equity (Asia)
Emerging markets financial services and health care specialist investor LeapFrog Investments has sold a partial stake in India-based non-banking financial company IFMR Capital to Standard Chartered Private Equity, the private equity arm of Standard Chartered Bank. LeapFrog originally invested in IFMR Capital in 2014. Financial details of the transaction were not disclosed. Read More
Saama Capital Reaches Final Close for Third Fund With US$58 Million in Capital Commitments (Asia)
India-focused venture capital firm Saama Capital has reached a final close for its third fund with US$58 million (approximately INR3.9 billion) in capital commitments. The fund will focus on seed and Series A rounds for companies in the fintech, software-as-a-service (SaaS) and non-technology consumer sectors. Read More
PineBridge Investments Makes Partial Exit From Narayana Health (Asia)
Global asset manager PineBridge Investments has partially exited National Stock Exchange- and Bombay Stock Exchange-listed specialty hospital chain Narayana Health (formerly Narayana Hrudayalaya) via the sale of a 1.3 percent stake for a reported INR900 million (approximately US$13.2 million). Narayana has a network of 23 hospitals and seven heart centers across 18 locations in India and held its initial public… Read More
Baring Vostok and Vostok Emerging Finance Agree to Invest in Revo Technologies (CEE and CIS)
Russia and CIS-focused private equity firm Baring Vostok Capital Partners, along with Stockholm Stock Exchange-listed investment company Vostok Emerging Finance (VEF), has agreed to invest up to US$20 million in Russia-based retail payment solutions specialist Revo Technologies and digital marketing services provider Sorsdata. VEF had previously invested in the two companies in 2015 and will contribute up to US$5 million… Read More
KKR Invests US$59 Million in TVS Logistics’ Promoters (Asia)
Global investment firm KKR has invested INR4 billion (approximately US$59 million) in the promoter family of India-based TVS Logistics via a long-term structured credit partnership. The promoters of TVS plan to use the funds to buy the company’s shares from private equity funds. KKR originally invested in TVS Logistics in 2012 and agreed to exit its 21.4 percent equity stake… Read More
Resource Partners Holds First Close for Second Fund, Acquires Cosmetics Company Torf (CEE and CIS)
Central and Eastern Europe-focused private equity fund manager Resource Partners has reached a first close for Resource Eastern European Equity Partners II (REEEP II) with EUR100 million (approximately US$106 million) in capital commitments. The close took place in December 2016. Investors in the fund include development finance institutions the European Bank for Reconstruction and Development (EBRD) and the European Investment… Read More
CITIC Capital Partners Leads US$14.6 Million Series B Round for Samoyed Financial (Asia)
CITIC Capital Partners, the private equity arm of CITIC Capital, has led a Series B round of CNY100 million (approximately US$14.6 million) for China-based fintech company Samoyed Financial. Yonghua Capital, an investment firm of China-based financial services group Yonjiin Group, also participated in the round. Founded in 2015, Samoyed provides balance transfer and credit card services. Read More
The Abraaj Group Acquires Majority Stake in Casaideas (Latin America)
Global growth markets investor The Abraaj Group has acquired a majority stake in Chile-based home design and decorations company Casaideas. The company currently operates over 50 stores in Chile, Peru and Bolivia, and it will focus on expanding product availability through the launch of an e-commerce platform. Financial details of the transaction were not disclosed. Read More
Warburg Pincus Acquires Stake in Cinema Operator PVR From Multiples Alternate Asset Management(Asia)
Global private equity firm Warburg Pincus has acquired a 14 percent stake in National Stock Exchange- and Bombay Stock Exchange-listed cinema multiplex operator PVR for approximately INR8.2 billion (approximately US$120 million). Warburg Pincus acquired the stake from affiliates of India-focused private equity firm Multiples Alternate Asset Management (Multiples PE) and the company’s promoters. Multiples PE will retain a 14 percent… Read More
Nexus Venture Partners Leads US$5 Million Series A Round for Zolo (Asia)
India-focused venture capital firm Nexus Venture Partners has led a Series A round of US$5 million for India-based managed accommodations platform Zolo. The funding round also included venture debt from Asia-focused venture lending firm InnoVen Capital. Zolo plans to use the funds to increase its number of beds under management and expand its geographic presence in India to Chennai and… Read More